On the heels of the financial crisis and the subsequent Great Recession in 2008, the previously ceaseless expansion of retailers came to an abrupt halt. With the housing crisis, came a halt to the boundless development of new residential communities on the periphery of the country’s metropolitan areas — along with the willingness of retailers to commit to new greenfield locations in anticipation of residential growth.
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When it comes to the growth of e-commerce and competition from the online marketplace, the retail real estate industry has a tendency towards a Chicken Little “the sky is falling” perspective. Much of this worry is warranted. Since the economic downturn in 2008/2009, we’ve seen increasing vacancies and a decreasing universe of retailers to fill them.
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